Asset Allocation at the Cook County Pension Fund

Emil Nuwan Siriwardane

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Supplement | HBS Case Collection | December 2018

Asset Allocation at the Cook County Pension Fund

by Emil Nuwan Siriwardane

Language: English

Format: Electronic

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Citation:

Siriwardane, Emil Nuwan. "Asset Allocation at the Cook County Pension Fund." Harvard Business School Spreadsheet Supplement 219-729, December 2018.

About the Author

Emil N. Siriwardane

Assistant Professor of Business Administration

Finance

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Teaching Note | HBS Case Collection | December 2018 (Revised March 2020)

Asset Allocation at the Cook County Pension Fund

Emil Nuwan Siriwardane

Teaching Note for HBS No. 218-030.

Citation:
Siriwardane, Emil Nuwan. "Asset Allocation at the Cook County Pension Fund." Harvard Business School Teaching Note 219-074, December 2018. (Revised March 2020.) View Details

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Case | HBS Case Collection | January 2019 (Revised March 2020)

Blackstone Alternative Asset Management in 2018

Emil Siriwardane, Luis M. Viceira and Shawn O'Brien

In early 2018, Blackstone announced that John McCormick would succeed Tom Hill as President and Chief Executive Officer of Blackstone Alternative Asset Management (BAAM), the largest fund-of-hedge funds in the world by a sizeable margin. As new CEO, McCormick must decide on strategic growth options for the firm as its traditional FOF business is maturing and growth in its nearly $80 billion in assets under management (AUM) is plateauing. In the recent past, BAAM had expanded into other investing businesses, making direct investments, seeding early-stage hedge funds, taking general partner stakes in investment management firms, and offering alternative investment products to retail investors. To determine the appropriate path forward, McCormick must assess whether BAAM has a competitive edge in each of these platforms, as well as if further expansion could create internal conflicts of interest within BAAM and, more broadly, Blackstone.

Keywords: Asset Management; Expansion; Strategy; Decision Choices and Conditions; Financial Services Industry;

Citation:
Siriwardane, Emil, Luis M. Viceira, and Shawn O'Brien. "Blackstone Alternative Asset Management in 2018." Harvard Business School Case 219-063, January 2019. (Revised March 2020.) View Details

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Teaching Note | HBS Case Collection | January 2019 (Revised March 2020)

Blackstone Alternative Asset Management in 2018

Emil Siriwardane and Luis M. Viceira

Citation:
Siriwardane, Emil, and Luis M. Viceira. "Blackstone Alternative Asset Management in 2018." Harvard Business School Teaching Note 219-092, January 2019. (Revised March 2020.) View Details

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Asset Allocation at the Cook County Pension Fund

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